Get 2026 fraud trends and statistics for financial institutions and fintechs, and benchmark your fraud strategy to elevate your defenses.
See how Alloy's identity and fraud prevention platform uses AI and 270+ data solutions to detect fraud and accelerate growth across the customer lifecycle.
Alloy CEO Tommy Nicholas breaks down the 3 trends keeping fraud and compliance teams up at night: AI-accelerated fraud, agentic users (KYA), and efficiency mandates.
7th largest credit union in the U.S. drives growth by keeping members safe
Watch a conversation and demo to see how banks and credit unions can use machine learning models to stay ahead of fraud risk and deliver friction-right experiences.
When authentication and fraud prevention operate in silos, account takeover attacks slip through. Here's what unified detection actually looks like.
Alloy Marketplace unites 270+ partner solutions and a new library of pre-built decisioning logic in one dashboard. Discover, test, and deploy from one place.
Why spend time on tedious manual reviews when AI can do it for you? Learn how agentic AI for KYC and compliance is helping financial orgs optimize efficiency.
7th largest credit union in the U.S. drives growth by keeping members safe
Alloy’s real-time risk assessments helps IncredibleBank create a holistic risk profile for each applicant.
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Know Your Agent (KYA) is how financial institutions verify AI agents acting for customers. Learn the core controls and how it differs from KYC.
Learn how actionable AI empowers financial institutions and fintechs to move from detecting fraud to agile prevention.
Banks and fintechs run into challenges that cause customer friction when it comes to AML, KYB, and KYC regulations.
Learn how financial institutions are using AI agents to clear compliance backlogs, accelerate case decisions, and scale risk operations without scaling headcount.
Explore Alloy's June 2026 release featuring the new Backtesting Suite, Workforce Analytics dashboard, workflow copy/paste improvements, and more.
Authentication built around your customer, not just your controls. See what a centralized identity risk layer makes possible.
Alloy launches an AI fraud detection and prevention solution that identifies fraud attacks, proactively alerts clients, and stops fraudsters.
In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.
Reduce fraud and win more customers with continuous, adaptive authentication. See how Alloy evaluates every session across every channel — and cut fraud losses 35%.
The FCA have published latest findings on sanctions systems and controls, catch up on the key findings.
See Alloy's Q1 2026 product launches: perpetual KYB with periodic reviews and registry monitoring, plus AI Assistant upgrades for watchlist screening and KYB review.
Alloy co-founder and CEO Tommy Nicholas explains how financial institutions can operationalize AI for fraud prevention, compliance, and risk management without fragmented workflows.
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LONDON, June 2, 2026 -- Modulr, the payments automation platform built to scale, today announced that it has selected Alloy, the AI-powered identity and fraud prevention platform, as a key component in its Risk & Compliance Hub. By using Alloy to orchestrate Know your Customer (KYC) and Know your Business (KYB) verification checks across its international customer base, Modulr aims to streamline the onboarding experience for customers while maintaining strong risk, compliance, and financial crime controls.Modulr’s Risk & Compliance Hub is a connected set of tools and infrastructure that spans the entire customer lifecycle and is built to protect customers, further improve the onboarding experience, and prevent financial crime. The Hub underpins Modulr’s growth strategy as it scales internationally and enters new markets, making robust compliance a core part of its operations.“At Modulr, we’re building a Risk & Compliance Hub that can stand up to the pace of change in financial crime and regulation, whilst also allowing us to give an improved onboarding experience to our scaling customers” said Ben Taylor, Chief Operating Officer at Modulr. “Alloy helps us remove unnecessary friction from onboarding while keeping our teams firmly in control of the decisions that matter. That combination of speed, safety, and control is critical for us to keep pace with this fast-evolving threat environment as we continue to grow.” Modulr will use Alloy to power customer onboarding across multiple markets, consolidating data from a broad network of verification and intelligence providers into a single decisioning layer. Alloy’s AI-powered platform allows Modulr to dynamically assess customer and business risk, triage low-risk applications, and escalate higher-risk cases for deeper human review – all within a unified case management and audit trail.“Alloy and Modulr are focused on delivering a streamlined, low friction onboarding experience without compromising on compliance rigour,” said Parilee Wang, Chief Operating Officer and Chief Product Officer at Alloy. “Modulr will leverage Alloy's no-code risk assessment capabilities, SDK, and network of partners to deliver positive customer experiences and ultimately growth across the business’ different markets.”Modulr’s payments automation platform streamlines money movement with greater accuracy, control, and reliability. Built to scale, it powers use cases across payroll, supplier payments, lending, and travel. With a growing international footprint, Modulr’s Risk & Compliance Hub is designed to scale alongside new products, customers, and geographies. Alloy’s platform and global data ecosystem gives Modulr the flexibility to add new data sources, adjust policies by market, and implement new risk management strategies without additional operational strain.About ModulrModulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business – including payroll, supplier payments, spend management, and payment collection – which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses – from fast-growing SMEs to global enterprises – including a partnership with global financial technology leader FIS. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB). To learn more, visit modulrfinance.com. Follow Modulr on LinkedIn and YouTube. About AlloyAlloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by over a decade of experience and the industry’s broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, more than 800 leading financial organizations around the globe trust Alloy to manage risk at scale. Learn more at alloy.com.
New York, NY – May 18, 2026 — Suncoast Credit Union, Florida’s largest credit union and one of the nation’s leading financial cooperatives, has partnered with Alloy to help accelerate the financial institution’s growth by helping it manage fraud risks across the organization. The credit union is planning to nearly double in size to 2.5 million members by 2030, while continuing its member-first, mission-driven focus. To do that, the team needed a partner to help enable a seamless member experience, onboard more legitimate members, and provide access to a wider range of financial products, while mitigating risks. Suncoast chose Alloy as its strategic platform to power identity, fraud controls, and data orchestration across onboarding and ongoing member account activity“Alloy helps us say ‘yes’ to growth without compromising our member-first culture,” said Eva Coffee, Manager of Digital Strategy at Suncoast Credit Union. “It gives us a centralized place to manage identity and fraud decisions across onboarding and the entire member lifecycle, so we can review ongoing account activity with more confidence, and intervene only when there’s real risk. That way, we reduce friction for legitimate members.”Prior to partnering with Alloy, Suncoast saw fraud losses rising nearly 30% year-over-year. After deploying Alloy at onboarding and expanding into login monitoring and cross-channel fraud controls, the credit union reduced fraud losses by over 35% from 2023 to 2024. Working with Alloy, the Suncoast team can easily use adaptive authentication to put potentially risky users through additional layers of step-up verification, keeping bad actors out of the platform while still preserving a seamless experience for genuine members, including “snowbirds” whose locations change seasonally. In 2024 alone, Suncoast monitored 269 million digital logins through Alloy’s platform, generating 11,990 investigations. Alloy’s centralized decision engine enables Suncoast to continuously assess member risk, apply step-up verification when necessary, and automatically mitigate threats across digital, mobile, and in-branch channels.“Alloy has delivered exceptional member growth results for Suncoast while delivering material fraud reduction,” said Parilee Wang, Chief Product Officer and Chief Operating Officer at Alloy. “By using Alloy to centralize identity management throughout the customer lifecycle, Suncoast has built a scalable foundation that allows it to adapt to emerging threats, expand product offerings, and deliver dynamic, low-friction member experiences.”About AlloyAlloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by the industry's broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, more than 800 leading financial organizations around the globe trust Alloy to manage risk at scale. Learn more at alloy.com.About Suncoast Credit UnionSuncoast Credit Union is the largest credit union in the state of Florida, the 7th largest in the United States based on membership, and the 10th largest in the United States based on its $20.7 billion in assets. Chartered in 1934 as Hillsborough County Teachers Credit Union, Suncoast Credit Union currently operates 80 full-service branches and serves more than 1.3 million members across Florida. As a community credit union, anyone who lives, works, attends school, or worships in Suncoast Credit Union’s service area is eligible for membership. In 2021, Suncoast Credit Union’s field of membership was expanded to include public K-12 teachers, college educators, and educational support staff from all of Florida’s 67 counties. Suncoast is passionate about community support. Since its founding in 1990, the Suncoast Credit Union Foundation has raised and donated more than $61 million to organizations and initiatives that support the health, education, and emotional well-being of children in the communities that the credit union serves. For more information, visit suncoast.com or follow us on social media: Facebook, LinkedIn, Twitter, and Instagram.
7th largest credit union in the U.S. drives growth by keeping members safe
Learn how Alloy built its perpetual KYB solution, enabling continuous monitoring, automated risk detection, and scalable compliance for financial institutions.
NEW YORK, May 13 -- As fraud increasingly targets the identity layer – through synthetic identities, credential compromise, and account linking abuse, Alloy, an AI-powered identity and fraud prevention platform, today announced a partnership with Certos℠, a unified portfolio of fraud and identity risk solutions from Early Warning Services, LLC. The partnership is designed to give community banks and credit unions access to the same Certos suite of products that help better identify criminal activity earlier – before it can be used to move money – reducing the ability for fraud schemes to scale. Increasingly, large-scale fraud operations – including organized scam networks operating cross borders from foreign locations – rely on synthetic and compromised identities to steal money from Americans. “Fraud rarely stays in one place and by the time money is sent, it’s too late,” said Ben Chance, General Manager of Certos. “Criminals exploit identity infrastructure gaps between institutions. By bringing our products to banks and credit unions of all sizes, we can help these financial institutions protect their customers and make it harder for these criminals to operate.” Through the partnership, financial institutions including community banks and credit unions, that work with Alloy will now have access to the Certos solutions' risk signals derived from activity patterns across a network of more than 5,000 U.S. banks and credit unions of all sizes, payment companies, merchants, and government agencies – providing these institutions with the signals needed to make informed decisions. “With fraud evolving rapidly, financial institutions need to be able to identify fraudsters before they can steal money from the organization,” said Brian Bender, General Manager of Partner Solutions at Alloy. “Adding Certos to our partner solutions network increases our clients’ ability to share threat intelligence, which makes the tactics criminals use less effective and harder to scale, helping better protect America’s consumers and small businesses from economic disruption.” Community banks and credit unions using Alloy can leverage Certos to: Confirm in real time that a bank account belongs to the right person, helping reduce account takeover and fraudulent payment redirections Detect mismatched identities when a fraudster tries to link accounts, before money ever starts moving Strengthen fraud detection using better data and risk signals to spot suspicious and criminal behavior earlier Certos is backed by the history of Early Warning for stopping criminal fraud activity. For more than 35 years, the company has worked with financial institutions, law enforcement, and federal agencies to disrupt billions of dollars in financial crime and stop millions of potentially fraudulent payments. Certos is the next evolution of that work. Last year, solutions in the Certos portfolio of products: Helped stop $3.7 billion in potential fraud Screened over $11.4 trillion in payments and deposit transactions for activity like counterfeit information and washed or altered checks Supported 124 million new bank and credit union account applications Certos provides threat intelligence signals that support fraud prevention but does not make bank account-related or financial access decisions. Financial institutions and other organizations retain full control over onboarding, authentication, and transaction processes. As a reseller of the Account Ownership Authentication (AOA) solution, Alloy will manage contracting, integration, and ongoing maintenance for its customers. About Certos CertosSM is a unified portfolio of fraud and identity solutions that helps financial institutions distinguish real customers from synthetic or stolen identities at account opening, reducing payments and identity fraud while expanding access to critical financial services. It is backed by Early Warning Services, LLC – the company behind Zelle® and the Paze ® digital wallet – which has worked with financial institutions the 35-years to drive prosperity, deliver bold innovation and improve how payments are made. For more information, visit www.certos.com. About Alloy Alloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by the industry's broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, Alloy enables more than 800 leading financial organizations around the globe to manage risk at scale. Learn more at alloy.com.
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AI-driven fraud is rising, but banks, credit unions, and fintechs are fighting back with machine learning.
